this is my first post ... Hi ... and was just wondering if anyone could give me a few pointers that may help me out.
Firstly I am in a pile of debt (man I feel so annoyed with myself!) but it is only to three different creditors:
- Bank overdraft
- 2 x credit cards
I owe approx £25,000. I basically lost my job and have been depressed for a good while, ended up running up huge amounts of debt on my CCs and increased my overdaft (which is now huge to )
I spoke to PayPlan who have sent me info regarding an "Informal Agreement". I am in the process of getting a new job just now (should be a few weeks) and they said to phone them back once I start earning.
The problem I have is what do I do with my CC bills that need paid in the very near future? ... should I meantion I have started this process or will that let them take me to court first?
Also when it comes to I&E what is the best thing to put for "socialising" in the expenditure column? ... I mean I know I wont be going out much, but I do need some money to live on otherwise I may as well just top myself!
I read in the paperwork from PayPlan that your creditors wont like it if you write an amount for socialising ... but surely there must be some amount?
Finally I will be getting a quick temp job to get started again, probably earning about £700 per month take home pay. I reckon I could put about £150 towards my debts each month ... do you thing creditors are inclinded to accept this amount? ... or would it be a big fat NO?
Sorry for all the questions. I spoke to PayPlan only briefly and have only just thought about all these different things.
Thanks in advance for any help